Insider Trading Alert - RAX, WEC And LQDT Traded By Insiders

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Friday, Feb. 20, 2015, 91 U.S. common stocks issued filings of shares being bought or sold by insiders. The transactions ranged in value from $98.84 to $10,479,200.00.

Highlighted Stocks Traded by Insiders:

Rackspace Hosting (RAX) - FREE Research Report

Saporito Joseph, who is Chief Accounting Officer at Rackspace Hosting, sold 345 shares at $51.54 on Feb. 20, 2015. Following this transaction, the Chief Accounting Officer owned 24,089 shares meaning that the stake was reduced by 1.41% with the 345-share transaction.

Roenigk Mark, who is Chief Operating Officer at Rackspace Hosting, sold 426 shares at $51.54 on Feb. 20, 2015. Following this transaction, the Chief Operating Officer owned 76,638 shares meaning that the stake was reduced by 0.55% with the 426-share transaction.

Pichler Karl, who is Cfo at Rackspace Hosting, sold 570 shares at $51.62 on Feb. 20, 2015. Following this transaction, the Cfo owned 93,062 shares meaning that the stake was reduced by 0.61% with the 570-share transaction.

The shares most recently traded at $49.53, down $2.09, or 4.22% since the insider transaction. Historical insider transactions for Rackspace Hosting go as follows:

  • 4-Week # shares bought: 58,480
  • 4-Week # shares sold: 150
  • 12-Week # shares bought: 58,480
  • 12-Week # shares sold: 150
  • 24-Week # shares bought: 58,480
  • 24-Week # shares sold: 150

The average volume for Rackspace Hosting has been 1.3 million shares per day over the past 30 days. Rackspace Hosting has a market cap of $7.0 billion and is part of the technology sector and computer software & services industry. Shares are up 5.49% year-to-date as of the close of trading on Friday.

Rackspace Hosting, Inc., through its subsidiaries, provides cloud computing services and managing Web-based IT systems for small and medium-sized businesses and large enterprises worldwide. The company has a P/E ratio of 63.7. Currently, there are 9 analysts who rate Rackspace Hosting a buy, 2 analysts rate it a sell, and 4 rate it a hold.

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TheStreet Quant Ratings rates Rackspace Hosting as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Rackspace Hosting Ratings Report from TheStreet Quant Ratings now.

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